LookUpTwice

LookUpTwice Updated 

Jokes aside. Bitcoin's recent price action suggests price action is going down, I do have an open short with an entry at 32816, however, I would exercise extreme caution to anyone contemplating trading the market in current conditions. This is likely going to explode and if you're not exercising sufficient risk, or understand how to properly trade this, stay out...

LookUpTwice Updated 

Keep an eye on that trend line, if a break below the trend line occurs and doesn't bounce back rapidly consider this idea invalidated. Declining volume as price increases, got a nice divergence going on here.

LookUpTwice Updated 

The current price action of the market has been hard to gauge. Over the past week I have been on the fence of 50:50. I could understand reasons for both up and down, this price action is risky af - should probably not attempt to trade this. With that said I'm seeing more hints of us going down now, although the conviction is weaker than what I would usually like...

LookUpTwice Updated 

There's a lot of talk about how big companies are getting in so it must be time to moon big. That's not how these things work and I would like to remind you guys that big companies can afford to to take big swings down - don't get too bull happy, markets cycle, especially healthy ones! This year has been amazing for bitcoin and trading - BUT! If you're trading -...

LookUpTwice Updated 

Breaking the trend line will confirm a drop to the down side.

LookUpTwice Updated 

We'll either range from 8.5~10k range or bounce from around 6-6.5k area

LookUpTwice Updated 

With the price action we've seen recently, I can't help but be bullish - when you consider the fact that bitcoin got a ton of covid selloffs, recovered and has maintained key support zones it really does paint a positive picture for the asset. We will have a momentary pump to the 10k range and given the amount of retail interest in bitcoin, the potential momentum...

LookUpTwice Updated 

The vibes i'm getting from this price action aren't promising. I can't go into detail, that's just the kind of trader I seem to be, but I suspect we're gonna heavily drop from this initial move to the upside. I closed my long yesterday from around 5200, I have opened a short but i'll be monitoring it closely. Right now due to the odd climate, I think the smarter...

LookUpTwice Updated 

Look for entries around the 8.2~8.9k range. I believe this move to the upside is fake

LookUpTwice Updated 

Due to the way that I trade, I cannot clearly state my reasoning for this, I just believe that on the short term we'll be heading down. My first take profit will be at around 8085.

LookUpTwice Updated 

Volume rising after that inverted candle is looking quite bullish, especially after just bouncing(ish) off the 50% retrace. Price movement patterns have changed recently. Overall, I still can't help but feel confused and am going with the signs here, at least for the short term - for now I believe we're gonna go a little higher, maybe retest $4000 and drop back?...

LookUpTwice

This appears to be a triple bottom forming with the steady trading range we've had and consistent volume. This may indicate a little bit of a bullish move coming in the near future. This being an hourly chart it's hard to take long term predictions from this, but I feel like a key indication will be whether we get a clean break through that hourly resistance at...

LookUpTwice

This push up seems a bit "out of nowhere" and could be just fomo on the recent coinbase news. If we manage to hold the > 6800 range we might spend the rest of the month in consolidation waiting on the ETF news. To confirm price movement we kind of just have to wait and see if we can have a clean break through that 7700 resistance. On the bear side of things,...

LookUpTwice

We might see a bull run in the next 1-2 days taking us back to at least the 7100 range. Or all these signals are bait for a harsh drop, be very careful guys and have stop losses! On a side note: It's nice to see some volume back in BTC though

LookUpTwice Updated 

BTC seems to continue on a downtrend on MACD and OBV. The dashed yellow line is EMA(50), will have to see if we trickle down to 4~6k range. We could have a little rally from 7600 but it's not looking great, we should have seen 7800 by now already

LookUpTwice

Experimenting with a vague idea

LookUpTwice

An experiment with a vague idea